top

Tax havens and Apple’s offshore $60 billion

In a move many viewed as tone-deaf, Apple said recently they will keep $60 billion of their $100 billion reserve parked offshore until taxes on the money are greatly lowered.

Many large corporations, and not just tech, park large amounts of money offshore. Now they want lower taxes if the money is repatriated, even as in quite legal moves, the money may have originated here.